Get the best and most affordable insurance in Mobile for high-ticket “toys”

There’s an old saying: “The main difference between men and boys is the price of their toys.” As we look toward spring and tax refunds from the IRS, many of us are dreaming about growing our toy collection. Personal watercraft, motorcycles, RVs, off-road vehicles, collectible autos – all these pricey items need good insurance coverage. That’s where we come in, bringing you the best and most affordable insurance in Mobile, Alabama and Baldwin County.

Get the right coverage before you start mud-slinging!

We recommend finding the right coverage before you start mud-slinging!

Not all of these “toys” are in the same categories. A motorcycle, for some, might be their sole means of transportation. This would be insured differently than off-road bikes and three-wheel ATVs. One gets you to work and back, while the other takes you deep into the woods, far from the road, slinging geysers of mud behind you as deer and fox scramble frantically to get out of your way. Don’t worry; chances are good they heard you coming a mile away!

Let us find you the right insurance for this beauty.

We’ll find you the right insurance for this beauty and everything inside.

Do you have the traveling bug? RVs, campers, and travel trailers come in all sizes and shapes. Some people even trick out big, fancy buses to make a luxury rolling home on the highway. RVs are classified in three designations. First is the aforementioned bus-like king of all RVs. This is known as Class A. They can range in price from $100,000 to well over $1 million. They eat fuel like it was going out of style, but if you can afford to own one, you can afford the fuel it takes to run it. The class C is smaller, typically a cargo van with a camper wrapped around it. These can run from $80,000 to half a million dollars or more. Many have an extension above the driver’s cab. This is usually a loft with a queen-sized bed. Much smaller than Class A, they are much more fuel efficient, but a lot is sacrificed in size and luxury. The Class B is the smallest of all. Many consider them good for a short vacation, but unlike their much larger cousins, they probably don’t make a good year-round rolling residence. Some are small enough to fit in a standard garage. They run from $50,000 to $100,000, depending on the amenities. Alliance Insurance Group can help you insure any class of RV/

While we’re on the subject of RVs, there are also trailers that get towed behind a big pickup truck. Since they don’t run on their own power, they’re not in the same class as RVs, but some are impressive, sporting slide-out sides and retractable patios. One good feature is that once you reach a campground, you can detach the truck and use it for local travel.

A popular class of “toy” is the collectible auto. Maybe now is the time to buy that white ’57 T-Bird with the record player in the dashboard. Some people drive their collectible autos; some keep them in garages and only bring them out for shows. Some folks really enjoy the challenge of restoring part of history to its original, pristine condition. Whatever the reason, collectible autos are becoming more popular than ever.

This blog has covered boat insurance in the past. Here in Mobile, boating is a favorite pastime for many. Whether cruising, racing, sailing, or fishing, little else compares to being out on the water in summertime. From the smallest fishing boat to the luxury yacht, we can find the right insurance plan to meet your needs, protecting you in the water or on your tow trailer. We can even save you some money you can use for fuel or fishing gear.

Four Friends ridding jetski personal watercraft

Make sure you have accident and liability insurance before you start making a splash!

Not ready for a full-size boat but want to get out on the water? Personal watercraft (sometimes called jet skis) are a fun alternative. They’re a bit like having a motorcycle on water. They’re fast, noisy, and a lot of fun. However, compact as they may be, we don’t recommend zipping around on them without adequate accident and liability insurance. Your Independent Agents at Veazey Insurance Agency can find the perfect plan for your personal watercraft.

We also offer optional insurance for tow trailers, sport racks, accessories, and even protective gear, such as helmets, boots and special clothing. So contact Alliance Insurance Group today, and ask us about the best plans to cover your favorite “toys.”

5 Ways to Save On Boat Insurance In Mobile, Alabama and Baldwin County

Boat Insurance

For non-commercial boats up to 45 feet, Alliance Insurance Group has you covered.

Are you ready to fulfill your dream of boat ownership? Fun on the bay with family and friends, relaxing weekend fishing trips, sharing a dazzling red sunset on the water with that special someone – boat ownership can be all this and more. This romantic notion has a practical side, which, if ignored, can turn your dream into a financial nightmare. Don’t let this happen to you. Learn the ropes about proper boat insurance.

Homeowner’s insurance will not cover your boat. While it’s true that some homeowner’s policies will cover up to $1,000 in damages, this only applies when the boat is parked at your house. They don’t cover accident damage when you’re out on the water, and they don’t pay medical bills in case someone gets hurt. They don’t pay for damages to someone else’s boat if you are determined to be at fault in an accident. Without boat insurance you could find yourself on the receiving end of a costly damage suit. Protect yourself and your assets with proper boat insurance.

Boat insurance covers property damage and liability, protecting your assets in the event of a lawsuit. Typically it’s purchased in $100,000 increments. Typical policies may not cover loss of personal property kept on your boat. If you do a lot of fishing, you probably have some very costly rigs and tackle. What about your depth finder and ship-to-shore radio? For that, you’ll likely need to add a personal property rider to your policy. Be sure to ask your agent about this.

You also can buy uninsured boat coverage to protect you from damages caused by uninsured boaters (much like uninsured motorist coverage). There’s also a rider for towing in case your boat breaks down and additional medical payment insurance, which covers injuries to passengers on your boat when no collision is involved. Our Independent Agents at Alliance Insurance Group are on hand to discuss your specific boat insurance needs.

Adding the riders mentioned above may give you peace of mind, but they can get quite costly. Here are 5 Ways to Save On Boat Insurance In Mobile, Alabama and Baldwin County:

1. Choose the highest deductible you can afford. While this option means more money out of pocket In the event of a claim, it also means lower premiums. Over a period of many months or years this can translate into significant savings.

2. Take a Boating Skills and Water Safety Course. The U.S. Coast Guard Auxiliary offers this course free. They can reduce your boat insurance premiums by up to 20% in some cases. Find classes in Mobile and Baldwin County here: http://www.cgaux.org/boatinged/class_finder/index.php.

3. Newer boats are easier to insure, but you can get good coverage and discounts for older vessels. Passing a free boat inspection from the U.S. Coast Guard Auxiliary could help save you money on premiums. Find out more information here: http://wow.uscgaux.info/content.php?unit=V-DEPT&category=i-want-a-vsc

4. Experienced boaters can get better rates than novices. Over time, your premiums will go down, especially if your boating and driving records are clean. Ask us about our special discount each year you renew without having filed any claims.

5. Practice safe boating! Boat insurance is a lot like car insurance. Reckless behavior on the water can lead to costly violations. If they are severe or numerous, they will lead to higher premium cost or even cancellation of your boater’s insurance. More importantly, safe boating practices protect the lives of you and your loved ones.

Our Independent Agents work hard to get you the best rates on boat insurance for non-commercial vessels up to 45 feet in length. Contact us today to find the best coverage and rates. At Alliance Insurance Group we’ve got you covered!

9 Ways To Save On Homeowners Insurance In Mobile, Alabama and Baldwin County

Homeowners Insured by Veazey Insurance AgencyThere’s an old saying, “Your home is your biggest investment.” This is true for so many people. Not only is your home a large capital outlay, but also if all goes right, it builds in value over many years. For many seniors, selling it and downsizing can add significantly to a comfortable retirement.

Protecting your investment is a major priority, and a good Homeowners Insurance policy needs to be at the top of the list. Being a savvy shopper when it comes to insurance can get you the best coverage and save you money on your annual premiums. Let’s explore 9 ways to save on Homeowners Insurance in Mobile, Alabama and Baldwin County without sacrificing need coverage.

1. Multiple Policy Discounts. If you’re buying your Homeowners Insurance and Auto Insurance from different insurance carriers, chances are you’re paying too much for both policies. Most insurers offer discounts for multiple policies, sometimes as high as 10%. So ask your agent about multiple policy discounts.

2. Higher Deductibles. If your Homeowners policy has a $500 deductible, that’s the amount you’ll pay out of pocket if you file a damage claim. A tree falls and causes $2,000 in damage to your roof. You are responsible for $500, and the insurance company pays $1,500. If you can afford to pay a higher out-of-pocket expense for potential damage, you can save money by raising the deductible on your insurance. The higher your deductible, the lower your annual premiums. Just be sure you can take the financial hit in case you do incur property damage.

NOTE: Some areas, such as the Gulf Coast, require separate windstorm policies in addition to basic Homeowners Insurance. Having a higher deductible for each policy will save money on your annual premiums.

3. Don’t Include Your Land Price. If your house is destroyed in a covered event, such as fire or storm, what is the actual replacement cost to build a new one? Be sure you’re not including the value of the land in your figures, or you’re estimating too high and paying too much. Insurance doesn’t cover land anyway. Fire or wind can’t destroy the land, nor can thieves steal it. Ask your agent to run a replacement cost estimate to get an accurate picture of what it would cost to rebuild your home. The difference means more money in your pocket.

4. Automatic Inflation Adjustments. You insurance policy has a built-in yearly adjustment to pay the cost of replacing your home if it is destroyed by a covered event. Over time, this might exceed the replacement cost of some dwellings. If you think your replacement cost is too high, ask your agent to run a new replacement cost estimate. It may be possible to lower your costs without sacrificing protection.

5. Personal Property. Most policies have automatic limits for personal property, such as jewelry and high-end computers. Be sure your level of protection does not exceed what you actually need. You might buy one of those new Mac Pro computers with a price tag of $5,500. But what’s it worth three years from now after depreciation? Don’t pay for coverage you may not need as the years go by. But be careful that you’re not eliminating needed coverage just to save some money now. Ask your agent for a personal property calculation, and be sure to ask if any items have special restrictions, such as jewelry and high-end computer gear.

6. Safety Pays. Many insurers offer generous discounts for home security systems, smoke alarms, deadbolt locks, storm shutters, and other home safety equipment. Ask your agent about discounts for home safety devices.

7. Location. Is your home near a fire station? Are there fire hydrants on your street? You will probably pay less for Homeowners Insurance.

8. Senior Discounts. Some insurance carriers offer discounts to retired people over 65. Retirees spend more time at home, and occupied dwellings are less likely to be burglarized. Ask your agent about possible discounts if you are a retired senior.

9. Buy From An Independent Agent. Independent Insurance Agents are not tied to any one company, so they can shop for the best coverage at the lowest possible rates. At Alliance Insurance Group we are Independent Agents, representing more than a dozen companies that can best meet your individual insurance needs.

Contact Alliance Insurance Group today and let our experts find just the right policy and coverage for you. Be sure to ask about the possible discounts mentioned in this article. At Alliance Insurance Agency, we’ve got you covered!

Vicarious Liability: Must you pay for the actions of others?

Business Insurance Veazey Insurance Agency

Be sure your business is protected

Can my business or I be held liable for the actions of someone else? To put it simply, yes.

Vicarious Liability.

You may not be familiar with this term, but if you are a business owner, you need to do two things:

1) Learn the meaning of Vicarious Liability.

2) Carry adequate Liability Insurance.

What is Vicarious Liability?

The definition of Vicarious Liability is liability imposed on one party because of the actions of someone else. This is also called Imputed Liability.

Vicarious Liability involves special relationships between two parties, most commonly employer/employee. Suppose an employee carrying out his or her job duties negligently causes and accident in which a third party is injured, the employer can be held liable.

A recent example of this is the Walmart/Tracy Morgan case. An accident involving a Walmart truck left Morgan injured and caused the death of entertainer Jimmy Mack. Since the driver of the truck was carrying out work-related duties at the time of the accident, Walmart can be held liable for damages. It’s a given that Walmart has very deep pockets as well as high levels of liability insurance. What about your company? If one of your employees kills or injures someone during the course of their workday, are you covered?

Other examples of Vicarious Liability include:

Partnerships can be held liable for negligence committed by a partner while acting on the partnership’s behalf.

Corporations can be held liable for negligence committed by corporate directors and executive offices during the course of their duties.

Loaning your car to another can expose you to Vicarious Liability if that person causes an accident in which a third party is injured.

General Liability Policies and BOPs

Now is the time to review your General Liability policy. What are the limits of your policy? If your policy covers $1 million in damages, but your business gets sued for $3 million, where do you think the rest of the money is coming from? Can your business survive a financial hit of that magnitude?

Maybe you have a Business Owner’s Policy (BOP) that combines business property coverage with General Liability. Ask your agent about the limits of your policy’s liability, especially if your business carries higher risks of exposure. A Business Umbrella Policy can provide additional Liability protection to take up where your BOP of General Liability coverage leaves off.

Commercial Auto Insurance

Be sure that your business is listed as the named insured on your Commercial Auto Declarations page. Then your business is covered in the event of an accident, whether you, an employee, or other business-related user causes it.

Contact Alliance Insurance Group today and let our experts find just the right policy and coverage for you. Be sure to ask about your General Liability Limits, BOP options, and whether a Business Umbrella is right for you. At Alliance Insurance Group, we’ve got you covered!

 

 

5 ways to save money on car insurance

Veazey Auto Insured Woman

Everyone wants to save money on car insurance. Here are the top five ways to lower your payments.

1. Keep a clean driving record

Nothing trashes your car insurance rates like moving violations, at-fault accidents, and high-priced damage claims. The best way to keep your rates low is to observe traffic laws, drive safely, and always give driving your full attention. Cell phones and texting are a major cause of serious (and sometimes fatal) accidents. If you must use your phone while driving, get one of those voice-activated, hands-free systems that connect to your car’s speakers. Many new cars have them these days. Otherwise, just pull over for a few moments and make your call while you’re safely parked. And NEVER text while driving. Keeping a spotless record of no tickets and no accidents is by far your best cost-saving strategy.

2. Ask us about higher deductibles on collision and comprehensive coverage

Higher deductibles mean a bit more money out your pocket in the event of a claim, but the lower monthly premiums can result in quite a savings over a period of several years. Increasing your deductible from $250 to $500 might save you 20 to 25 percent in annual costs. Raising your deductible to $1,000 might save you up to 40 percent, according to national averages. Choose whichever is most comfortable for you. How much can you afford to pay out of pocket in the event you file a claim? Be sure you can pay

3. Drop comprehensive and collision if you drive an older car

Comprehensive and collision insurance pay for accident damage to your car, as well as other types of damage, such as falling tree limbs and other hazards. This is essential if you’re driving an expensive, late-model car. If your car is totaled, your insurance will pay the actual cash value. Find out what your car is worth. You can get a general idea using the NADA guides, other online resources or ask your insurance agent. If your car is worth less than $1.000, it makes no financial sense to pay premiums each year for comprehensive and collision insurance. Just drop them and save some money.

4. Take advantage of bundle rates

Good discounts might be available when you buy two or more types of insurance. This practice is known as bundling. Ask us about bundling homeowners, boat, motorcycle, and RV insurance with your auto insurance.

5. Low mileage discounts

You may be able to save money on car insurance if your annual mileage is low. Be sure to let your agent know if you are an occasional or weekend driver.

Contact Alliance Insurance Group today and let our experts find just the right auto policy and coverage for you. Be sure to ask about your how you can qualify for discounts. At Veazey Insurance Agency, we’ve got you covered!

ATTENTION INTERNATIONAL DRIVERS: Are you an international student or here on extended business? As an Independent Insurance Agency, we can write Auto policies for drivers with international licenses. Contact us today to find out more.

SPECIAL ANNOUNCEMENT!

Buying Homeowners Insurance just became more affordable in Mobile and Baldwin County.

After Hurricane Katrina most companies stopped writing wind insurance in our area. For many, the only choice for wind coverage was the Alabama Wind Pool. Homeowners had to split their wind and fire insurance between two companies, raising the price of coverage and requiring separate deductibles.

An A-Rated, Admitted Insurance Carrier will now cover both wind and fire in Mobile and Baldwin Counties. This means more competitive rates for homeowners and greater peace of mind.

Our Independent Agents are standing by to answer your questions and offer you the best Homeowners Insurance at the lowest possible price.

Contact us today for a quote. At Alliance Insurance Group we’ve to you covered!

Who needs Life Insurance? You do!

Do I really need life insurance?

Veazey Life InsuranceAt Alliance Insurance Group, we hear this question frequently. Most of the time, the answer is yes. Some examples are obvious, such as life insurance for the major breadwinner in a young family with children. Some are not so obvious. What about “empty nesters,” college students, retirees, business owners, and stay-at-home parents? The answer is YES! They need life insurance. Let’s explore some reasons why.

Empty Nesters

Why would you still need life insurance after the kids are grown and earning a living on their own? Now that you’re past the point of taking care of them financially, can’t you just save the money for other things? Not so fast!. Perhaps you’d like to leave an inheritance for your children. Life insurance allows you to enjoy the money you have while you’re alive bit still leave something for your heirs. It takes the guilt out of spending money on items like travel and luxury cars. It’s a win-win any way you look at it.

What happens if your nest doesn’t stay empty? In this economy increasing numbers of adult children have been moving back in with aging parents. A good life insurance policy can guarantee their security if anything happens to you. Also, statistics show an increasing number of grandparents becoming primary guardians of their grandchildren. Life insurance will cover your financial need to provide for them in the event of your demise.

The best bet for empty nesters would be a whole life policy that does not expire past a certain age. These types of policies accrue cash value over time, which can be used to cover unexpected expenses that may arise.

College Students

Many people overlook the need to buy life insurance for college students. Here’s the best reason of all: you are co-signing a large student loan. The last thing anyone wants to think about is losing a child, but if you’ve co-signed $200,000 in student debt, you need to be sure you have adequate protection. Buying Term Life Insurance for a 19-year-old will probably cost you less than $200 a year. However, if the unthinkable happens, you could be saddled with payments of more than $200 a month until the loan is paid. Don’t take the risk. Call Alliance Insurance Group today and talk to one of our Independent Agents about the plan that is just right for you.

Retirees

For people who are comfortably retired, life insurance can serve a number of purposes. First, it protects your heirs by covering items like estate taxes and funeral expenses. There are other uses. Let’s say your son has taken over your thriving business and it will provide for his family for years to come. What about your daughter? You could provide a tax-free life insurance benefit that equals the value of the business your son took over. That’s peace of mind for you and your daughter.

Let’s face it – you’ve worked hard and earned your retirement years. A life insurance policy can let you spend the money you have on your own chosen lifestyle, while still providing for your heirs after you are gone.

Business Owners

How can business owners use life insurance to their advantage? You and your partners could buy life insurance policies to cover each other. Then, if one of you dies, the funds can be used to buy out the deceased partner’s share of the business.

Another consideration is whether one of the owners is more indispensable than others, sort of like your company’s version of Steve Jobs. You could take out insurance to provide funds in the event of his or her death. That could pay a salary if you need to hire someone with similar expertise.

Stay-At-Home Parents

Perhaps you’ve made the decision with your spouse that one of you will be the main breadwinner and the other will stay home to raise the children. Life insurance for the main breadwinner is taken for granted, but never underestimate the importance of the stay-at-home parent. In most cases, if the stay-at-home parent were to die of accident or illness, the main breadwinner would not be able to assume those responsibilities. He or she would need to continue working to support the family. This might mean hiring a full-time nanny, which could cost around $30,000 a year. Over a ten-year period, this equals $300,000. A good Term Life Insurance policy can offer some peace of mind in case the unthinkable ever occurs.

Alliance Insurance Group offers superior protection at competitive prices in Mobile, Alabama and surrounding areas. Contact us today for a quote on life, auto, business insurance and more. At Veazey Insurance Agency we’ve got you covered!

Do you need commercial vehicle insurance in Alabama?

Veazey Insurance Agency: we’ve got you covered!

The dividing line between personal use and commercial vehicles can be confusing. It’s important to know what the requirement are here in Alabama, and it’s doubly important to be sure you have the correct registration and the right insurance for your needs.

Alliance Insurance Group offers superior commercial coverage at competitive prices in Mobile, Alabama and surrounding areas. Our agents can analyze your business’s unique needs and ensure you have the coverage you need.

Some vehicles are easy to distinguish. Obviously, truck and trailer combinations over 26,001 pounds are considered commercial vehicles (10,000 pounds if you use the vehicle to cross state lines). What about smaller vehicles, such as vans and pickup trucks? In Alabama, the key is in the intended use.

For example, you have a big Ford pickup truck and trailer that you use to carry your dirt bikes out to the trail on Saturdays. This is not a commercial use of the vehicle. However, when the same vehicle and trailer are used to haul tractor parts to repair shops five days a week, this is considered commercial use. You will need to check with the DMV to determine your license and tag requirements, and you will need commercial insurance coverage.

What about using your light truck for business? If you carry only a personal auto insurance policy, it might provide coverage to your vehicle in the event of a collision, but it will not cover the $30,000 load of parts and tools you’re carrying in your trailer. For that you need commercial insurance.

You may need commercial insurance for the following reasons:

  • You use your vehicle to conduct a service, or transport goods or people for profit
  • You tow a trailer to conduct business or carry a considerable weight in tools and equipment
  • You let employees drive your vehicle, or vehicle ownership is registered to a corporation or partnership

Protect your assets. Be very careful about the level of liability insurance you carry for any work-related vehicle. Sure, you might carry enough to satisfy the limits of the law, but if you or your employees cause serious injury of property damage in an accident, you could be sued into bankruptcy without adequate liability coverage.

Does your vehicle have special equipment that was not installed by the manufacturer? This could include pickup covers, toolboxes, powered lift gates, winches, and other equipment. Ask us about coverage for custom equipment.

At Alliance Insurance Group, we provide coverage for all types of commercial vehicles. We insure:

  • Passenger vans
  • Work vans
  • Dump trucks
  • Repair trucks
  • Tow trucks
  • Fleet autos
  • Moving vans/trucks
  • Delivery vehicles
  • Vehicle transport trailers
  • Commercial farm equipment
  • Lawn maintenance and landscaping trucks and equipment

Keep in mind that no two commercial vehicle policies are alike. Your needs will differ depending on your type and size of business. For example, if you are a one-man grading business, with a flatbed truck, a Bobcat, and a track hoe, your insurance needs are not equal to a grader who owns a fleet of 15 trucks. Your independent agent at Alliance Insurance Group will sit down with you, assess your needs and level of exposure, and find the right type of commercial vehicle insurance that’s right for your business.

Think of us as your trusted business advisor. We want to help you pick the right tools for success. At Alliance Insurance Group, we’ve got you covered!

5 Things You May Not Know About Your Alabama Auto Insurance

Veazey Auto Insured Woman

Drivers in Alabama are required by law to purchase automobile insurance with minimum coverage mandated for bodily injury protection and property damage. While this will square you away with state laws, does it provide the protection you need if you are injured in a car accident or cause someone else to be injured?

Alliance Insurance Group offers superior protection at competitive prices in Mobile, Alabama and surrounding areas. Understanding Alabama auto insurance can be tricky. Our agents can guide you through the maze of options to make sure you have the coverage you need.

Here are five things you need to know about Alabama auto insurance.

1. Required minimum coverage won’t be enough to cover your expenses you might incur in a serious accident. Under Alabama’s Mandatory Liability Insurance Law, you are required to have the liability insurance to pay for damages or injuries you may cause to others in an auto accident. The minimum required coverage is $25,000/$50,000/$25,000.

Let’s explore these numbers. The first number is for bodily injury or death per person. The second number is the total paid out or injury or death per accident. The third number is for property damage. The numbers may sound reassuring, but let’s take a closer look.

If you seriously injure someone in a car crash, medical bills can multiply exponentially on a daily basis. Have you ever looked over an itemized bill from a hospital stay? The numbers can be staggering! So that first number will pay for minor injuries, but not more serious conditions, such as brain injuries. That middle number is liability per accident. What if you are at fault for an accident in which five people are seriously injured? That $50,000 seems like chump change now. The third number is meant to cover property damage. Let’s say you total someone’s car. Will $25,000 be enough to replace it? Unless the injured party was driving a 20-year-old economy model, then probably not. Few cars can be purchased for $25,000 these days. What if you total someone’s $140,000 Mercedes? Subtract that $25,000 your liability insurance covers, and then you still end up owing $115,000 out of your own pocket.

2. Your mandatory liability insurance will not cover damage to your own vehicle or pay for your own personal injuries. You will need to carry some optional coverage for this kind of protection. Here are a few that are available through Veazey Insurance Agency:

Collision: This pays for crash-related damage to your own vehicle.

Comprehensive: Some types of auto damage are beyond your control. For example, during a storm, if a large tree branch crashes through the roof of your car, your comprehensive insurance will cover it.

Underinsured or Uninsured Motorists: If you are injured or your vehicle is seriously damaged by an uninsured motorist, or by someone with inadequate liability, you need this coverage.

Medical and Funeral: This optional policy covers medical and funeral costs if you cause an accident.

3. Alabama is a “Fault Insurance” state. This means that the driver responsible for an accident bears the brunt of paying for damages to persons and property. This means if you are the cause of a crash, either you’d better have some deep pockets or some really good insurance coverage. But what if the other guy caused the crash? In theory he is responsible to pay, but what if he can’t? Again, this is where optional Uninsured Motorist protection can be of great value.

4. Not all insurance rates are created equal. When you apply for auto insurance, a number of factors can affect the cost of your coverage. These are driving record, gender, age, credit score, the type of car you drive, and your insurance plan’s deductible. The deductible is the amount you must pay out of pocket in the event of a covered accident. As a rule, the higher your deductible, the lower your premium.

Additionally, there are discounts available to lower the cost of your premiums. The best way to keep your costs low is by safe, defensive driving and observing all traffic laws. Be sure to ask us about these discounts:

Safe Driver Discount: If you have no tickets or accidents on your record, your rates will be lower.

Good Student Discount: Are you an A/B student in college? You may be eligible for a discount.

Multi-Car Discount: Insuring more than one vehicle qualities you for a discount.

Home/Auto Discount: Generous discounts are available when you insure your home and your autos with us.

5. It’s not always the “big names” that get you the best auto insurance prices. We specialize in both personal and business auto insurance. As Independent Insurance Agents, we can shop around and find you the best coverage at the best rates to meet your needs. Call today or fill out our quote request to find the auto insurance policy that’s right for you. At Alliance Insurance Group we’ve got you covered!

Need Business Insurance? It Might Be Time for a BOP!

Is a Business Owner’s Policy (BOP) right for you?

Business Insurance Veazey Insurance Agency

Business Owner coverage by Veazey Insurance Agency

Business owners have a lot on their plates: Providing a high level of customer service, finding new customers, dealing with inventory, paperwork, and tax documents – sometimes the list seems endless.

What about business insurance? Every business owner needs to ensure he or she has coverage to match unforeseen circumstances that arise from time to time. Unlike other items on the list, the right insurance – when set up properly from the start – brings you peace of mind and the freedom to run your business in confidence.

Typically, a business needs two types of insurance: General Liability and Property Insurance. Combining these two kinds of coverage into one policy is more cost-effective than buying them separately. The combined product is called a Business Owner’s Policy, or BOP. Let’s explore what these policies cover.

The Liability portion of your BOP is intended to protect your business from expenses related to lawsuits. Suppose someone comes into your office and trips on a piece of carpet sticking up near the front door. Chances are good that person will seek the services of a personal injury attorney. Before you can say “litigation,” you find your business is being sued for medical expenses, lost time at work, and pain and suffering. This is where General Liability Insurance kicks in. It covers injury to third parties who suffer injuries while on your business premises. It also covers compensation for legal fees, such as attorneys, court costs, settlements, and medical expenses. These costs can escalate rapidly, and without proper coverage, you run the risk of business bankruptcy.

The other component of a BOP is Business Property Insurance. This covers damage to your physical location, such as owned or rented space, additions, and storage buildings. It also covers personal, business-related property, such as phones, computers, tools, and more.

BOPs may include business interruption insurance as a part of property coverage, providing up to 12 months’ income if your business is forced to close temporarily because of a covered property event, such as a fire.

While a BOP package is more cost-effective than buying both types of insurance separately, there are other considerations. Your business need are different from other businesses. You may need a higher level of protection. BOPs usually cover “named perils,” such as fire, explosion, wind damage, smoke damage, or vandalism. Depending upon your type of business, “open peril” all risk coverage may be available. Please ask us about open peril BOPs.

Another factor is whether your General Liability Insurance provides adequate protection for your specific risk of exposure. A million dollars worth of liability insurance might sound like a lot, but if your business is sued for higher amounts, say four or five million dollars, you will have to cover the difference. Do you have the resources to cover that kind of expense? Even if you do, do you want to see years of hard-earned profit go down the tubes? Of course not! Here’s where a Business Umbrella policy can make up the difference.

Alliance Insurance Group is your Independent Insurance Agency in the heart of Mobile, Alabama. Call us today and let our experts find just the right policy and coverage for you. Be sure to ask about your BOP options, and whether a Business Umbrella is right for you. At Veazey Insurance Agency, we’ve got you covered!

 

Top 5 Reasons To Talk About Life Insurance

Life Insurance is one of those things people like to call a “necessary evil.”  This is a bit harsh, don’t you think? There’s nothing evil about making sure your family is protected financially in the event of your death due to illness or accident. There’s certainly nothing evil about peace of mind. So why do so many people put off buying life insurance? In fact, why do a lot of people avoid talking or thinking about it at all?

The top 5 reasons people put off talking about life insurance.

  1. People don’t like to think about their own death. The notion of mortality makes most of us uncomfortable. Younger people have a sense of invincibility – the old “nothing will ever happen to me” attitude. That’s why younger people are more likely to engage in risky behavior. As people age, their relationship with mortality changes, especially for those who have lost parents or other loved ones. They start to realize they are not immortal, but still like to keep the thought of their own death at arm’s length. So they keep putting off having that talk about life insurance.
  2. People in good health often think life insurance is a waste of money. After all, if you’re healthy and strong, the thought of death doesn’t cross your mind. So they keep putting it off for some vague time down the road, when they think they’ll need it more. This can be a big mistake.
  3. Life insurance can seem so complicated. There’s a lot of misinformation flying around in the media. Sometimes even people selling life insurance don’t explain it well. People put off taking any action on things they don’t understand, and in the hectic pace of life, they feel they haven’t got time to really learn about it.
  4. There are countless jokes about life insurance. Ever hear the one where the agent asks his friend if he has the time to talk about life insurance, and the man replies, “Not today. I’ve got an appointment to have my teeth torn out without painkillers?” The punch line reflects the notion that almost anything is preferable to talking about life insurance.
  5. Who enjoys paying for life insurance? Let’s face it: Life insurance is not very sexy. People might not like their car payment, but when they get behind the wheel of their new ride, they can touch it with their hands, feel the power beneath their feet, even groove to that new car smell in their nostrils. Life insurance is intangible – that is, you can’t feel it, hold it, or smell it. So when the bill comes each month, there doesn’t appear to be much to show for it.

The top 5 reasons you should talk with Veazey Insurance Agency about life insurance.

Now that you know the top five reasons people put off talking about life insurance, let’s explore why the procrastination should end now:

  1. We agree with you! Talking or thinking about your own death is not fun. However, if you have a family, and especially if you’re the primary income producer, life insurance is a necessity. You need to know they will be taken care of in the event of your death through illness or accident.
  2. We’re glad to hear you’re in good health. May you stay that way for many years to come! However, it’s never that simple. What if you’re killed in an accident? What would your family do if you were gone suddenly? A good life insurance policy can make all the difference.
  3.  Life insurance only seems complicated. We can help you understand your options. Do you need term life or whole life? Do you want peace of mind at the lowest possible cost (term life), or are you looking for potential long-term cash value and some return on your investment? Make an appointment today, and let us help you understand your needs.
  4. While there are plenty of jokes about life insurance, here’s the bottom line: Making sure your family is protected is not a joke. Finding the right life insurance product to meet your family’s needs is a serious matter, but the peace of mind it brings is irreplaceable.
  5. Making peace with monthly life insurance payments is as simple as knowing this: Life insurance is not for you, it’s for the people who rely upon you for food, home, college, and other necessities of life. When you see it this way, you recognize the true value of your life insurance investment

So when is the best time to talk about life insurance? Why not right now? Give Alliance Insurance Group a call, and let us find the plan that is best for you. Peace of mind is worth its weight in gold!